Daily news across AI, technology, finance, insurance, healthcare, automotive, real estate, and government
The Canadian branch of the Weston family agreed on Wednesday to buy Britain’s Boots from Sycamore Partners and the Pessina family in an $8.9 billion deal, pledging to invest in the retailer̵
Analysts at AM Best recently downgraded the Financial Strength Rating (FSR) to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb-” (Good) from “
Specialty MGA, part of MNK Group, has appointed David Higgins to lead the expansion of its global bloodstock portfolio, including into the Australasia region, according to a press release. As a senior
South Korea's OK Financial Group, through its subsidiary OK Next, has signed a share purchase agreement with the Korea Deposit Insurance Corporation (KDIC) on Wednesday to acquire Yebyeol Insurance, t
The London Bullion Market Association’s certification program served as a “thick smokescreen” that enabled serious abuses at a Tanzanian gold mine where two men died, lawyers alleged
The Public Utility Commission of Texas is asking a Travis County judge to block the release of information showing where data centers and virtual currency mines operate, saying those details could aid
Health optimism is reducing financial urgency while medication costs quietly erode retirement savings, survey finds
Remarketing a commercial risk has always been too expensive in time and effort to do properly. Juan de Castro, president of Cytora, on the initiative that went live last week - and the fragmentation i
SB 876 requires carriers to offer 50% extended replacement cost. State claims data suggest the bigger problem sits in the rebuild estimate underneath it
EBRI's Paul Fronstin on why ICHRAs shift real risk onto employees - and what brokers must do now
The move extends a relationship that began with credit insurance in 2013 as specialty insurers deepen their push into private credit
Thanks to the capabilities of artificial intelligence, trust is going to be an even more important component in the cybersecurity landscape. “The mantra moving forward is trust no one, verify ev
The Supreme Court's decision opening freight brokers to negligent hiring suits is reshaping transportation insurance
Drones hit a data center owned by Russia’s Yandex, the country’s leading AI and technology company said on Thursday, in the first major attack on a Russian data hub since the start of the
The US Federal Trade Commission is gearing up to take action against Priceline.com owner Booking Holdings E&over online ads that appear to direct consumers to a hotel’s site but send them to
Marsh has appointed Sonya Febbo as head of authorised representatives for corporate and commercial in Australia, according to a LinkedIn update. Melbourne-based Febbo previously spent over 15 years a.
Australian specialty broker Aviso Specialty has appointed Eric Wojcik as head of capital and guarantee solutions, effective March 2027, according to a company statement on Thursday. With the appointme
Ohio Attorney General Andy Wilson is suing a home-improvement contractor in southwestern Ohio accused of charging consumers for services that were not completed or, in some cases, even started. Wilson
Tuvalu has joined the Pacific Catastrophe Risk Insurance Company (PCRIC) as its 13th member country and secured insurance coverage against cyclones, among the most significant climate-related risks fa
AM Best has maintained its stable outlook for Indonesia’s non-life insurance sector, citing the country’s robust economic growth and ongoing regulatory actions to strengthen the industry’s financial r
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